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Authors who have a very cool index of economic uncertainty. It is a very innovative paper. They estimated that the debt limit struggle probably subtracted about 1. 5 from gdp growth during that summer when it was happening egos of the uncertainty and inactivity that was caused by levels of uncertainty. Each time we go through that, there are consequences. I would like to add if that is what it takes to get spending under control, we need to concede that in the long run there will be a benefit, which means we do not have these deficits. In the fullness of time, whether a struggle last summer wa...

In brooklyn is connected to it. It was totally filled with water. Both tubes, from one end to the other, from the manhattan end to the brooklyn end. Ere were close to 100 million gallons of water that had to be pumped out of that tunnel and its still not back up to snuff. Thats one of many examples. Theres so many. The mta did a very good job. I want to congratulate joe lhota. They moved their Rolling Stock to high ground. Tried to barricade this awful flood in the best way they could. Boy, its awful. The mta is the largest Public Transportation system in the country. Its the life blood of new...

In a side arbucarticle that the Washington Post report on the fiscal cliff this morning. Heres an article from Washington Times now this is from politico. A situation that was in the paper couple weeks ago. Looks li finally, before we go to phone calls, this article from the daily caller again, that is reported in the daily caller. We begin with a call from diane in julian, california, on our democratic line. Caller good morning, peter. My prediction came true, reelecting a president. Women against violence acts, being held up by the house. John boehner and the Republican House majority leader...

He was finishing a press conference down the hall. With every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. Today, sen. Cornyn will be the second ranking republican next congress. Theyll call upon john bennett to the reasonable thing. They will have this below sooner or later. Those rates go up by operational law on dec. 31. Luol and he said this all, this is true. Within threequarters of the American People including 61 of republicans agree with john corn john cornyn that they cannot be held hostage were giveaways to billionaires. He cannot...

You can see that we are near a 60 year high. Weve come somewhat off it, were near a 60 year low in revenue. That says to me weve got to work both sides of the equation. Those who say weve got a spending problem have it half right. We also have a revenue problem and both sides have to be addressed. Our gross federal debt surpassed 100 of our g. D. P. This year. It is projected to rise to 115 by 2022. The definitive work on death studied 200 years of financial history, looked at dozens of countries and concluded once you reach a gross debt of more than 90 of g. D. P. , your future economic prosp...